Rice Energy announces closing of Public Offering: Media Report
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21 Aug 2014
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Natural gas and oil company, Rice Energy Inc on Tuesday said that the completion of its underwritten public offering of 13,729,650 shares of its common stock at USD 27.30 per share, including 1,790,824 shares pursuant to the full exercise by the underwriters of their option to purchase additional common stock from the selling stockholders named in the registration statement, as per the media reports. The Company sold 7,500,000 shares of its common stock, and the selling stockholders, affiliates of Natural Gas Partners and Alpha Natural Resources, sold 6,229,650 shares of the Company's common stock, reported media. The net proceeds received by the Company from the sale of 7,500,000 shares of its common stock were approximately USD 196.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds to fund a portion of its 2014 capital budget. Goldman, Sachs & Co., Barclays Capital, Citigroup Global Markets and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. |
| Source: Dion Global Type: IPO Related |
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